"I hope that this will cause every pension trustee to question the compensation its consultant is receiving," he said.

Your bank, venture capital firms, fund managers and pension trustees are all possible sources.

But the pension trustees say they're confident they'll recover the money.

Seven and a half years later, Chattanooga's pension trustees discovered just how expensive that money-saving plan had been.

In the worst cases, pension trustees dole out investment business not on merit, but on the basis of who gave them money.

Calls to the pension trustees were referred to the board's lawyer, Charles Atwell.

In addition, many public pension trustees are appointed by governors or other elected officials.

But questions have been raised about whether the institutes serve any purpose beyond giving money managers a place to network with pension trustees.

Training to be introduced for pension trustees, and members to make up 50% of trustees.

The settlement also needs the approval of the union's pension trustees.